Industrial reality
Power by the gigawatt
Top-tier mining operations contract directly with utilities, hydro projects, and even nuclear facilities. Retail miners pay retail rates.
Legal & Structure
Built on the record.
Honest about the risks.
Why a cooperative is the only honest answer to industrial-scale mining, what a DUNA actually is, why we are not a pyramid, who our counsel is, and a straight read on the risks involved.
Why a cooperative
The little guy can't beat a nuclear plant. Together, we can.
You cannot compete head-to-head against the institutional players in this space. They buy power by the nuclear plant and hardware by the cargo container. A solo miner with a rig in the garage was priced out years ago.
Crypto was supposed to democratize money. Instead, banks, institutional funds, and foreign governments have poured in resources that quietly re-centralized the very networks that were meant to be open.
Today a handful of industrial mining outfits control the majority of Bitcoin's hashrate. Most of that capacity originated in China and either still sits there or relocated to the United States after the 2021 crackdown. That is not the future Satoshi's white paper imagined.
A cooperative changes the math. By pooling capital, purchasing power, and operational expertise, ordinary people get to participate in the future of money — and benefit fairly when it grows. That is the entire reason the Iskander Network exists.
Concentration
A handful of pools
A small number of pools routinely produce the majority of Bitcoin blocks. That is the opposite of decentralization.
Geography
China, then Texas
Much of today's industrial hashrate originated in China and migrated to the U.S. — same operators, new zip code.
What is a DUNA
A real legal home for a decentralized organization.
A DUNA — Decentralized Unincorporated Nonprofit Association — is a legal entity type recognized under Wyoming law. It gives a decentralized community real legal personhood: the ability to hold assets, sign contracts, pay taxes, and shield its members from personal liability, without forcing it into a corporate or LLC mold that does not fit.
Wyoming codified the structure specifically so groups like ours — coordinated, member-run, mission-driven — could operate inside the law instead of next to it.
Why a DUNA fits us
We function like a cooperative: every dollar that comes in goes back into the success of the mission — building the mine, securing the chain, paying the people doing the work. A DUNA is the cleanest legal shape for that reality.
Anonymous participation
A DUNA permits members to participate without surrendering their identities to a public registry. Privacy is a feature of the structure, not a workaround.
On the record
The Wyoming statute, in the open.
Read the underlying law for yourself — we are happy to be judged against the actual text.
Pyramid schemes
What a pyramid actually is — and why we aren't one.
A pyramid scheme is a recruitment-driven structure with no real product or service behind it. The "product," if there is one, exists only as a token to justify enrollment fees. The people at the top get paid out of the money put in by the people joining at the bottom. When recruitment slows — and it always does — the bottom collapses and almost everyone loses.
Pyramid schemes are illegal in the United States. Legitimate network marketing built around a real product or service is not. The line between the two is a question of substance, not vocabulary.
A pyramid looks like this
- Compensation depends almost entirely on recruiting.
- The "product" has no real-world utility or buyers outside the program.
- The earliest entrants take almost all the money.
- The vast majority of participants lose what they put in.
Iskander Network looks like this
- Our product is real digital mining capacity, paying out daily in real value.
- Our focus is the mission — building and operating an actual mine — not endless recruitment.
- Roughly 30% of our active members get back to even — about 30× the published industry baseline for network marketing.
- Comp is hard-capped at 49% of revenue. The math is enforced, not aspirational.
The simplest test: turn the recruiting off tomorrow. Does the business still produce something of value? For us the answer is yes — the mine still mines, the chain still runs, the rewards still hit member wallets. That is the difference.
Our legal counsel
We did not figure this out alone.
Structuring a cooperative crypto-mining organization the right way is not something you Google your way through. We retained serious counsel from firms that handle the kind of cases the rest of the industry hopes to avoid.
Counsel
William E. Johnston
Partner, Bird, Marella, Rhow, Lincenberg, Drooks & Nessim, LLP
Bird Marella is a top-tier trial firm known for white-collar defense and complex commercial litigation. Bill brings deep experience on the lines we have to walk.
Firm siteHonest evaluation of the risks
Read this part twice.
Even with the right structure, the right counsel, and the right intentions, this is still crypto and this is still a network marketing comp plan. Both categories have a long history of pyramids, scams, and bad-faith actors. You owe it to yourself to understand what those risks look like before you participate.
Nothing on this page is legal, tax, or investment advice. We strongly encourage you to retain your own attorney and your own tax professional and have them review the materials before you commit any capital.
We also encourage you to read the public regulatory record surrounding TEXITcoin itself — the underlying chain that this network supports.
Risk
Pyramid & recruitment risk
Any network-marketing structure can be abused. Know the warning signs and walk if you see them — anywhere, including here.
Risk
Securities risk
Regulators look hard at crypto offerings. We have structured to avoid being a security; that does not eliminate the risk that an authority disagrees.
Risk
Market & operational risk
Hashrate, energy costs, token price, and policy can all move against the cooperative. Past performance is not a promise.
Do your own research
Read the TEXITcoin legal record.
The TEXITcoin project maintains a public legal page detailing its regulatory posture and history. Read it directly.
This page is informational and reflects the Iskander Network's current structure and counsel. It is not legal, tax, or investment advice. Consult your own qualified professionals before participating.